This “comment du jour” by “James” was too good to pass up: Is it me or are the comments and posters on here so much more valuable than the crap du jour on socketsite? As Kenny said in his reply, “Totally…I feel like the point of this blog site is to try to make sense … Continue reading Comment du jour: “…crap du jour on socketsite?”
Month: September 2007
“Fed Cut the Rate! Seatbelts, please…”
From a reader (not Boomtime, not MarinaPrime, not me, not any of the other bulls…), verbatim: “Fed Cut the Rate! Seatbelts, please… * FED CUTS FEDERAL FUNDS RATE HALF POINT TO 4.75% * FED CUTS DISCOUNT RATE HALF POINT TO 5.25% * Yield curve steepened dramatically as the 2Y went from 4.13% to less than … Continue reading “Fed Cut the Rate! Seatbelts, please…”
Large and in Charge (3730 Washington)
On May 14th of this year, we alluded to a “very big, very expensive” home that will be coming on the market. Since I just drove by and saw the sign out front, we’re finally letting you all know. That was a tough secret to keep, let me tell you. > 3730 Washington is coming … Continue reading Large and in Charge (3730 Washington)
The neighbors are “aghast”! (3809 Clay)
“This property [3809 Clay, a 3 bed, 3 bath in Presidio Heights] sold about three years ago (neighborhood rumor) to an agent, who modernized it then flipped [it] for around 1.4… note what it is listed for now. What do you think? We are aghast.” Well…I don’t like rumors, so I did a little digging, … Continue reading The neighbors are “aghast”! (3809 Clay)
Why Buy Hotel Condos?
by Janet Krahling (thanks Janet): People often ask “Why buy a private residence at the Four Seasons, St. Regis or Ritz-Carlton in San Francisco?” Here’s the simple answer: Imagine having exceptional high-end services in your home every single day and the potential investment upside associated with real estate, but without any of the headaches normally … Continue reading Why Buy Hotel Condos?
“Six offers, $260,000 over” (3299 Folsom)
From Kenny, in the comments: “WOW. This one [3299 Folsom in Bernal Heights] just sold [for $1,255,000]: Six offers. 260K over asking. 850 a foot. On Folsom! This is a neighbor of mine. I’m very fired up about this one.” I think your other neighbors are pretty fired up too. And for the “traders” wondering … Continue reading “Six offers, $260,000 over” (3299 Folsom)
Done Deal in the Marina and only $395,000 over (2330 Bay)
Our readers have come up with some good finds this last week, and thankfully I have some time to post them, so you can pick your jaw up off the ground along with the rest of us: Take a look at this. [2330 Bay] Closed in 21 days for almost $400,000 more [asking $2,495,000 selling … Continue reading Done Deal in the Marina and only $395,000 over (2330 Bay)
Benjamin Bratt sells SF Investment and “Your Mama” tells us how it is
I truly love when readers (thanks Shelley) send in links to other sites that truly make me laugh, and have a good grasp of the sf market, so I can quote them and not have to say it myself. Lest anyone think the sub-prime lending crisis and mortgage meltdown is having a huge affect on … Continue reading Benjamin Bratt sells SF Investment and “Your Mama” tells us how it is
The reasons for my absence: Market Activity on three levels
I know, I know. I’ve been MIA, but there is a reason. A good one. Or two. Actually three. You see, when I get caught up in this blog, reading comments, and reporting on what I see “virtually” I almost get the sense the market has cooled. It has cooled, but not nearly to the … Continue reading The reasons for my absence: Market Activity on three levels
1361 Francisco…buh bye!
From a reader who actually sent this a couple days ago, but I haven’t had a chance to post…1361 Francisco, a two bed, one bath condo asking $1,389,000. These things are going fast: You should definitely post this example. Here is a nice 1,200sqft lower unit Marina flat in ‘The Marina Gold Box’ area where … Continue reading 1361 Francisco…buh bye!
Comment du Jour: “Highest stakes table in Vegas”
I chose this comment for the “Comment du Jour”, as it is a very good, brief description of the mindset of many buyers currently in the market. Thanks “Ah Boom”, and thanks to all the others that have responded and shared their thoughts on that thread. You put your life savings down [on a home … Continue reading Comment du Jour: “Highest stakes table in Vegas”
The jury is in on the Transbay Terminal
Yet another reason I HIGHLY recommend you subscribe to the San Francisco Business Times or at least periodically check their site. The jury is in on the Transbay Terminal: The jury charged with ranking three proposals for San Francisco’s tallest building and the new Transbay Terminal has picked the team of developer Hines and architect … Continue reading The jury is in on the Transbay Terminal
Done Deal in Outer Parkside (2342 42nd)
What feels like ages ago on April 11th, I wrote about 2342 42nd Avenue: …in August of 2006 this property was listed at $1,095,000, then in March of 2007 listed at $899,000, now it is listed at $1,295,000. If it sells at $1,295,000, I’m packing up and moving to Mexico, because that would be just … Continue reading Done Deal in Outer Parkside (2342 42nd)
Tour de San Francisco (real estate)…Forest Hill Extension
Wondering where I’ve been? Busy with the sfnewsletter, selling property, and the Tour. Check it out. This week is Forest Hill Extension.
Countrywide Short Sales, Pools, and Dark Clouds
I’ve been told a big wig at Countrywide has been forced to sell his home in Gilbert, AZ (Phoenix), for $700,000 600,000. (Oops…already pending at $700,000 with multiple offers after one week.) Apparently recent comps support a $900,000+ purchase price. So you see? It’s all about finding the silver lining in an otherwise dark cloud. … Continue reading Countrywide Short Sales, Pools, and Dark Clouds
1330 Chestnut…a done deal
I can’t believe how many people are asking me about 1330 Chestnut, and I haven’t had time to check (cough…bull shit!)…but it is now sold. Asking $1,495,000 sold $1,550,000 and only spent 15 days (during the mortgage crisis) on the market. Reminder: If you were to receive the sfnewsletter either from me, or your Realtor/Mortgage … Continue reading 1330 Chestnut…a done deal